We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Best Safe "Rainy Day" Savings Option
baguettes
Posts: 13 Forumite
I currently have £2000 invested in Premium Bonds as financially secure "emergency" savings. Working on building it up to more.
However, as premium bonds aren't the greatest at providing growth and potentially fall behind inflation I was wondering if anyone has any better financially secure investment suggestions for rainy day savings?
However, as premium bonds aren't the greatest at providing growth and potentially fall behind inflation I was wondering if anyone has any better financially secure investment suggestions for rainy day savings?
0
Comments
-
Maybe a 5% regular saver with one of the banks accounts - First Direct, Nationwide, SantanderI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
With as less as £2000, one or two high interest paying current account would be more preferable. Nationwide, TSB, Tesco Bank, ...0
-
Baguettes - premium bonds are much more fun. The worst that can happens is that you never get any interest, but it's so much fun at the start of every month. Maybe split half and half with an instant access account?Solar Suntellite 250 x16 4kW Afore 3600TL dual 2KW E 2KW W no shade, DN15 March 14
[SIZE Givenergy 9.5 battery added July 23
[/SIZE]0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.7K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.2K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards